Tax & Accounting Blog

The Hidden Benefits of Workflow Management

The Hidden Benefits of Workflow Management

Sometime around January 1, many tax and accounting professionals promised themselves they would be lean by the summer—and I’m not referring to waistlines. Well, summer is here, and I’m guessing many of you are working with the same inefficiencies that frustrated you throughout this tax season and tax seasons past. Fortunately, summer is the perfect … Read More

Singapore to Join Inclusive Framework to Implement BEPS Recommendations

Singapore to Join Inclusive Framework to Implement BEPS Recommendations

On June 16, 2016, the Singapore Ministry of Finance issued a press release saying that Singapore will join the “inclusive framework” for the global implementation of the BEPS project. Under this framework, all state- and non-state jurisdictions that commit to the BEPS project will participate as BEPS Associates of the OECD’s Committee on Fiscal … Read More

GST Tackles Electronic Commerce

GST Tackles Electronic Commerce

The Finance Minister “officially” released the GST model law this week, it had been released a couple of months earlier. The model law confirms the dual GST system proposed for years. It also had a provision to address electronic commerce and its targets electronic commerce operators to collect and remit tax. Electronic commerce was defined … Read More

U.K. Labour Party Introduces Public CbC Reporting Amendments to Finance (No. 2) Bill 2016

U.K. Labour Party Introduces Public CbC Reporting Amendments to Finance (No. 2) Bill 2016

On June 13, 2016, U.K. Parliament member Caroline Flint issued a press release concerning proposed amendments that the U.K. Labour Party added to Finance (No. 2) Bill 2016 (“Bill”) for public country-by-country (CbC) reporting. The amendments were published on June 8, 2016. MP Flint said: “I am delighted to have such … Read More